Fund Associate Job Description
Fund associate
provides synthesis and packaging of research results; organize facts and summarize data into appropriate and timely output (e.g., email, Word, Excel, PowerPoint).
Fund Associate Duties & Responsibilities
To write an effective fund associate job description, begin by listing detailed duties, responsibilities and expectations. We have included fund associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Document and provide accounting policy for newly traded instruments across product lines and institute procedure for validating accounting policy with fund administrator(s)
Handle accounting oversight for various complex hedge funds
Continue research on new accounting pronouncements and their impact to the financial statements of new and existing products
Close contact with Asset Managers, Transaction Managers, Account Management, Fund Accounting, Structured Finance and external parties
Helping implement best practices for the Accounting team’s processes
Collaboration with Internal Accounting and Trading
Assist the Finance team in managing all aspects of the firm's accounting operations, internal and external financial reporting, investor relations, tax reporting, performance reporting, compliance, and regulatory oversight
Assist the Director of Accounting in coordinating with external auditors and tax advisors
Act as a liaison between investors and various functional groups within the firm including Tax, Accounting, Compliance and Legal
Trade entry (via file upload processes) into portfolio accounting system
Fund Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fund Associate
List any licenses or certifications required by the position: CPA, CFA, BA, PMP, SCWCD, SCJP, PM
Education for Fund Associate
Typically a job would require a certain level of education.
Employers hiring for the fund associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Business, Economics, MBA, Communication, Education, Technical, Business/Administration, Associates
Skills for Fund Associate
Desired skills for fund associate include:
Excel
Proficient with Word and PowerPoint
Financial markets
Microsoft Excel and Access
Securities Operations
Accounting
Exchange Rules
Specifically with respect to alternative investment funds
Suitability
Tax Implications
Desired experience for fund associate includes:
Trade analysis and settlement across multiple product lines
Portfolio reconciliation and maintenance
Counterparty relationship setup and maintenance
Counterparty collateral management
Profit and Loss reconciliation, analysis and reporting
Coordinate required annual audits through communication with the administrators and independent auditors
Fund Associate Examples
1
Fund Associate Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of fund associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fund associate
- Perform accounts payable function, record general ledger/cash entries payment set-up and initiation
- The ideal candidate will analyze funds and assist the senior members of fund diligence team through team resource allocation, managing day-to-day aspects of fund analysis and oversight of the functional team, assisting in communication with General Partners and clients
- Additionally, the person will be able to provide training and functional guidance for Analysts
- The person will take a meaningful role in General Partner meetings and site visits with senior staff oversight
- Full knowledge of analytics and qualitative factors crucial to fund analysis are imperative and the candidate must be able to review models conceptually and participate in negotiations of partnership documents
- Complete special projects, including client projects, industry analysis and geographical studies, as necessary
- The position will provide exposure to the top firms in the private equity industry and will also include interaction with senior members of the firm on a daily basis
- Interaction with Prime Brokers, Executing Brokers, and the Administrator
- Margin Call verification
- Maintenance of the Operations Procedure Manual
Qualifications for fund associate
- Minimum 2 year M&A experience in Global Investment Bank in Japan
- Exceptional verbal and written communication skills and measurable success as a strategic thinker are essential to the success of this position
- Ability to present and defend opinions and investment theses
- Cash and position reconciliation
- Cash and collateral management
- Communicating and maintaining relationships with 3rd party vendors
2
Fund Associate Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of fund associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fund associate
- Prepare regulatory reports such as 24f-2 and Form N-1A and Form N-SAR to ensure compliance with regulations and consistency among filings to ensure filings are free of material misstatements
- Ability to work within centralized teams in support of the financial statement production process
- Develop and maintain good working relationships with internal and external customers and business partners through effective written and verbal communication skills to obtain necessary information in order to resolve/escalate issues and ensure a smooth production process
- Coordinating with various teams like Centralized Exception Reporting Team (CERT), Risk-Analytics team, Investor Services team, Tax Team etc
- Manage the distribution of Fund documents to client base including but not limited to performance updates, investor letters, transparency reports, audited financials
- Process all investor transactions, including subscriptions, redemption and transfers
- Assist potential investors with questions regarding Subscription and Redemption paperwork and questions on Offering Memoranda details
- Distribute confirmations to new investors on all capital transactions
- Enter transactional information into firms CRM system and cross track data to ensure accuracy
- Monitor fund families and manager headlines for news events
Qualifications for fund associate
- Knowledge in Hedge Funds
- Strong English communication skills (both written and verbal) necessary
- Knowledge of different product types, including but not limited to derivatives (total return swaps, credit default swaps, interest rate swaps, futures, forwards), bonds, options, equity instruments
- FINRA Series 6 & 63 licenses within 8 months of start date
- Must be proactive, self-motivated individual, with an excellent work ethic and strong-ability to multi-task within a fast paced environment
- Ability to work as a member to several teams, which requires flexibility and adaptability
3
Fund Associate Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of fund associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fund associate
- Maintain controls and procedures associated with fund launches, modifications, terminations and transitions
- Assisting with the calculation of distributions and NAVs any capital calls from Investors
- Responsible for all fund/client reports (monthly, quarterly and annual reports) supporting with ad-hoc requests, RfPs from existing clients and potential clients and any other internal or external requests
- This Operations Associate will have a primary focus on private fund reconciliation within our portfolio system
- They will work with internal clients and third party administrators as needed for the launch of new funds, tracking capital calls and disbursements as they occur, and assisting with any data requests related to the private funds
- This associate will also be the primary contact for one of our internal clients, assisting in a daily reconciliation process for their accounts, with monthly adhoc reporting requests including performance and composite analytics
- Present investments to the foundation's Investment Committee
- Manage and monitor portfolio investments and facilitate interactions between investees, program teams and the foundation's Investment Committee with regards to strategic, financial and legal opportunities/issues
- Research and evaluate investment strategies and specific companies/investment opportunities as part of program strategy development those arising from relationships with existing investees and co-investors
- Review all trade requests such as purchases, redemptions, switches, transfers, systematic plans, and non-financials for proper documentation and authorization
Qualifications for fund associate
- Updates of security information (e.g., prices, ratings, cash flows)
- In addition to the monthly processes, there are quarter-end tasks that need to be performed
- Apart from processing the client databases, the Investment Accountant may be asked to assist our Consulting Services staff with converting data for new Clients into our systems."
- Candidates to research on hedge funds industry and demonstrate how much they understand of it
- Or prior related experience
- Mutual fund regulatory, GAAP and tax knowledge preferred
4
Fund Associate Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of fund associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fund associate
- Review and administer various government forms and internal reports
- Resolve telephone and email inquiries from internal departments in an efficient and professional manner
- CSC and/or IFIC courses an asset
- Mutual fund experience a desired asset
- 1 -2 years' experience within the financial services industry an asset
- Able to work well under pressure and demanding workloads
- Routine office environment requiring incumbent to be on a computer terminal for majority of a scheduled workday
- Must be flexible and able to work overtime during specific times of the year
- Ensure all trade requests such as purchases, redemptions, switches, transfers, systematic plans, and non-financials are reviewed for proper documentation and authorization and where relevant, routed to the correct department for processing
- Process all valid trade requests in a timely and efficient manner while rejecting not in good order items to Resolutions (outbound service)
Qualifications for fund associate
- Should have working knowledge of asset classes like equities, bonds, futures, options and swaps how they operate in real world
- Experience on Advent Geneva system would be preferred – an added advantage
- Ability to explain general fund accounting principles, cash and asset reconciliation items, and calculation of interest income, amortization, dividends, complex corporate actions
- Proficient technical skills with the core Microsoft Office suite of products (Excel, PowerPoint, Word, Access) & external market vendor application (Bloomberg, FTS etc)
- Knowledge of the theoretical and technical nature of mutual and commingled fund accounting and administration, all review procedures and controls
- Degree in Finance or Accounting or a related field
5
Fund Associate Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of fund associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for fund associate
- Recognize potential issues and report to management immediately for further escalation
- Special projects throughout the year as assigned
- CSC, IFIC, and/or related industry courses an asset
- Minimum 2 years' experience within financial services industry
- Review and analysis of compliance for a group of approximately 35-40 mutual funds
- Daily review of automated compliance reports, including research and reconciliation of compliance alerts, warnings, and data exceptions
- Weekly compilation and review of compliance with asset segregation requirements
- Review of monthly compliance packets
- Ensure compliance with fund mandates by performing prospectus reconciliations, including in-depth reviews of each fund’s prospectus, statement of additional information, portfolio manager checklist, and compliance tests
- Coordinate annual prospectus review meetings
Qualifications for fund associate
- Internship or previous work experience preferred
- O-Strong verbal and written communication skills
- O-Good time management, planning and organization skills
- O-Demonstrated ability to function in a fast paced, ambiguous environment working with multiple business partners and diverse responsibilities
- O-Ability to adjust to change
- O-Experience in computer applications